New Orleans, LA Home Values & Market Trends
Real estate market trends reflect that there have been 4,225 transactions over the past year in New Orleans. The median value for residential home transactions that occurred over the previous year is $251,435.43. The number of current listings in New Orleans is 672, and the percentage of properties for sale in the city is 672.00%. New Orleans, LA currently has 189 properties in foreclosure, 41 bank owned properties, 148 properties headed for auction, and 672 properties for sale.
New Orleans, LA Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 70117 | $ 289,000 $ 172/sqft | 70113 | $ 349,000 $ 222/sqft |
| 70117 | $ 289,000 $ 172/sqft | 70113 | $ 349,000 $ 222/sqft |
| 70115 | $ 550,000 $ 276/sqft | 70128 | $ 276,404 $ 106/sqft |
| 70115 | $ 550,000 $ 276/sqft | 70128 | $ 276,404 $ 106/sqft |
| 70124 | $ 556,641 $ 237/sqft | 70126 | $ 235,950 $ 117/sqft |
| 70124 | $ 556,641 $ 237/sqft | 70126 | $ 235,950 $ 117/sqft |
| 70116 | $ 314,400 $ 313/sqft | 70127 | $ 180,000 $ 109/sqft |
| 70116 | $ 314,400 $ 313/sqft | 70129 | $ 299,900 $ 99/sqft |
| 70122 | $ 289,000 $ 169/sqft | 70127 | $ 180,000 $ 109/sqft |
| 70122 | $ 289,000 $ 169/sqft | 70129 | $ 299,900 $ 99/sqft |
| 70130 | $ 384,700 $ 371/sqft | 70112 | $ 382,000 $ 396/sqft |
| 70130 | $ 384,700 $ 371/sqft | 70112 | $ 382,000 $ 396/sqft |
| 70118 | $ 369,831 $ 229/sqft | 70121 | $ 330,000 $ 194/sqft |
| 70118 | $ 369,831 $ 229/sqft | 70121 | $ 330,000 $ 194/sqft |
| 70119 | $ 335,200 $ 186/sqft | 70163 | $ -- $ -- |
| 70119 | $ 335,200 $ 186/sqft | 70146 | $ -- $ -- |
| 70125 | $ 334,611 $ 175/sqft | 70141 | $ -- $ -- |
| 70125 | $ 334,611 $ 175/sqft | 70139 | $ -- $ -- |
| 70114 | $ 167,884 $ 128/sqft | 70163 | $ -- $ -- |
| 70114 | $ 167,884 $ 128/sqft | 70146 | $ -- $ -- |
| 70131 | $ 257,848 $ 131/sqft | 70141 | $ -- $ -- |
| 70131 | $ 257,848 $ 131/sqft | 70139 | $ -- $ -- |
| 70123 | $ 434,500 $ 198/sqft | 70170 | $ -- $ -- |
| 70123 | $ 434,500 $ 198/sqft | 70170 | $ -- $ -- |
Housing Market Summary for New Orleans, LA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $367.2K | $278.6K | -24.13% |
| Median Sold Price | $298K | $278.6K | -6.49% |
| Homes For Sale | 594 | 646 | 8.75% |
| Homes Sold | 1,798 | 1,647 | -8.40% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in New Orleans, LA
Browse Homes in New Orleans, LA
New Orleans home values range from $13,830 to $16,539,331. The median estimated value of a home in New Orleans is $251,435.43. The median list price of a home is 355,500, and the total count of properties in the city is 118,429.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in New Orleans, LA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 48 zips within New Orleans, LA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Orleans, LA ranges from the highest value of $257,855 in 70124 to the lowest value of $44,900 in 70128. Bank owned homes and properties account for 0.03% of properties in New Orleans, LA. There are 48 zips within New Orleans, LA; 70126 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions70127 has 17 auction properties, the highest number of properties going to auction in a single zip in the state of New Orleans, LA. Auction homes and other auction properties account for 0.12% of all properties in New Orleans, LA. There are 48 zips within New Orleans, LA; of those zips, the median estimated home value for homes going to auction ranges from $345,500 in 70124 to the lowest value of $44,945 in 70124.
Compare Nearby Cities
More Real Estate Resources for New Orleans, LA
Guide for New Orleans, LA
This write-up gives an quick view of the real estate market trends in New Orleans and its surrounding cities.
The Baton Rouge real estate market, as of early 2024, displays complex dynamics with a minor decline in average property values but an increase in sale prices, indicating strong demand.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
